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David Tepper

David Tepper Appaloosa LP

AUM $5.93B
1-Year Est. Return 44.55%
 

David Tepper, founder of Appaloosa Management, is a billionaire hedge fund manager renowned for his expertise in distressed debt investing and contrarian bets. He is known for high-risk, high-reward strategies that have generated significant returns, such as investing in struggling banks during the 2008 financial crisis. His investment philosophy emphasizes deep value analysis, understanding market psychology, and making high-conviction decisions, often going against prevailing sentiment.

This Fund
S&P 500
This Quarter Est. Return
+8.93%
1 Year Est. Return
+44.55%
3 Year Est. Return
+188.72%
5 Year Est. Return
+296.74%
10 Year Est. Return
+1,042.31%
AUM
$4.83B
AUM Growth
-$2.13B
Cap. Flow
-$2.6B
Cap. Flow %
-53.88%
Top 10 Hldgs %
57.44%
Holding
66
New
4
Increased
2
Reduced
41
Closed
12

Top Buys

Rank Stock Value
1
UBER icon
Uber
UBER
+$106M
2
PHM icon
Pultegroup
PHM
+$84.4M
3
MOS icon
The Mosaic Company
MOS
+$47.1M
4
BODI icon
The Beachbody Company
BODI
+$20.3M
5
FCX icon
Freeport-McMoran
FCX
+$19.5M

Top Sells

Rank Stock Value
1
TMUS icon
T-Mobile US
TMUS
+$230M
2
AMZN icon
Amazon
AMZN
+$203M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$203M
4
META icon
Meta Platforms (Facebook)
META
+$197M
5
EXE
Expand Energy Corp
EXE
+$160M

Sector Composition

Rank Sector Weight
1 Communication Services 28.18%
2 Consumer Discretionary 20.53%
3 Technology 18.04%
4 Energy 10.17%
5 Financials 3.53%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DGNS
51
DELISTED
Dragoneer Growth Opportunities Corp. II Class A Ordinary Shares
DGNS
$7.58M 0.16%
750,000
– –
RDS.A
52
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$7.27M 0.15%
180,000
-112,500
-38% -$4.47M
RDS.B
53
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
$6.99M 0.14%
180,000
-112,500
-38% -$4.24M
TCVA
54
DELISTED
TCV Acquisition Corp. Class A Ordinary Shares
TCVA
$5.95M 0.12%
+600,000
New +$6.08M
ADBE icon
55
Adobe
ADBE
$105B
– –
-145,000
Closed -$68.9M
BIDU icon
56
Baidu
BIDU
$35.9B
– –
-45,000
Closed -$9.79M
CRM icon
57
Salesforce
CRM
$162B
– –
-385,000
Closed -$81.6M
DIS icon
58
Walt Disney
DIS
$179B
– –
-345,000
Closed -$63.7M
IQ icon
59
iQIYI
IQ
$1.3B
– –
-1,644,934
Closed -$27.3M
PYPL icon
60
PayPal
PYPL
$50.5B
– –
-175,000
Closed -$42.5M
SHOP icon
61
Shopify
SHOP
$196B
– –
-37,500
Closed -$4.15M
WBD icon
62
Warner Bros
WBD
$67.9B
– –
-475,000
Closed -$20.6M
PRPC.U
63
DELISTED
CC Neuberger Principal Holdings III Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant
PRPC.U
– –
-1,250,000
Closed -$12.5M
SVFAU
64
DELISTED
SVF Investment Corp. Unit
SVFAU
– –
-750,000
Closed -$7.92M
HCICU
65
DELISTED
Hennessy Capital Investment Corp. V Units
HCICU
– –
-750,000
Closed -$7.59M
LMACU
66
DELISTED
Liberty Media Acquisition Corporation Unit
LMACU
– –
-1,000,000
Closed -$10.7M
1 2
3

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David Tepper's Q2 2021 Portfolio in Review

As of Q2 2021, David Tepper held 66 positions worth $4.83B, down 31% from $6.96B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

David Tepper withdrew a net $2.6B in Q2 2021, closing 12 positions and reducing 41 holdings. Its most notable exit was Salesforce, an estimated $81.6M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 28% of assets, down from 29% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, David Tepper opened a new position in Uber worth $102M.

  • David Tepper's largest Q2 2021 buy was Uber: 2,035,000 shares worth $102M.
  • David Tepper added most to The Mosaic Company in Q2 2021, an estimated $47.1M increase.
  • David Tepper's biggest Q2 2021 reduction was T-Mobile US, cutting an estimated $230M.
  • David Tepper fully exited Salesforce in Q2 2021, selling an estimated $81.6M.
  • David Tepper's ten largest holdings make up 57% of its $4.83B portfolio in Q2 2021.
  • David Tepper opened 4 new positions and closed 12 in Q2 2021.
  • David Tepper's portfolio value fell 31% quarter-over-quarter to $4.83B.

Based on Appaloosa LP's 13F filing for Q2 2021, filed 16 Aug 2021.